Want to know why Isle of Man (IOM) is consider a good offshore destination for companies?

The legal system is based on English common law and Manx statute and as such there are recognisable business types namely: the Private Company Limited by shares, Company Limited by Guarantee, Public Company Limited by shares, General and Limited Partnerships and Sole Proprietor and Trusts.
http://www.ksapre.com/offshore-company-formation/isle-of-man-iom/

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